A FORMER hotel which has been falling into disrepair in the middle of Swindon could soon be given a new lease of life.

The Menzies Hotel, in Islington Street, closed suddenly last November after its owners went into administration.

Since then it has been the target of vandals and squatters but now a company has been appointed to find a new tenant and bring the hotel back into use.

Ignis Asset Management and UK Commercial Property Trust, which own the property, have instructed chartered surveyor CDLH, which specialises in the leisure industry, to find a company which could potentially run the hotel.

The responsibility of dealing with the letting lies with Alan Creedy, a director of CDLH, who believes the building is in the perfect location for a hotel.

“The property really does have a first class location at the heart of Swindon town centre, adjacent to the town centre car parks, opposite the main bus station and a very short walk to the train station.

“This is an ideal location for a hotel property.”

The hotel was formerly run by the Menzies Hotel Group but it suddenly closed down shortly before Christmas, with guests being asked to leave and 49 employees being made redundant.

The lease is being made available for £125,000 a year for a period of about 30 years.

Alan believes that the Swindon economy, combined with improvements in the hotel market, make the building a good investment.

“Swindon has a vibrant economy which has many large employers including Honda, Barclays, Mini and Nationwide and continues to see significant investment in retail and leisure,” he said.

“The UK hotel market has seen a significant resurgence, particularly over the last 12 months.

“As a result asset prices in London have risen to a point where there is very low return in investment.

“However, locations such as Swindon offer genuine opportunities to operators at more affordable levels and we have no doubt there will be considerable interest in this property.”

Full information on the property is available on CDLH’s website at www.cdlh.co.uk.

Comments (5)

"The responsibility of dealing with the letting lies with Alan Creedy, a director of CDLH, who believes the building is in the perfect location for a hotel."

Wow, he knows his business! A derelict hotel is the perfect place for a hotel!

"The responsibility of dealing with the letting lies with Alan Creedy, a director of CDLH, who believes the building is in the perfect location for a hotel."
Wow, he knows his business! A derelict hotel is the perfect place for a hotel!Amberflame

Amberflame wrote:
&quot;The responsibility of dealing with the letting lies with Alan Creedy, a director of CDLH, who believes the building is in the perfect location for a hotel."

Wow, he knows his business! A derelict hotel is the perfect place for a hotel!

Yes, but he doesn't know Swindon?
“The property really does have a first class location at the heart of Swindon town centre...".
I would hardly call Swindon first class. I don't usually like people dissing our town, but people really need to stop bigging it up so much as it's just a huge let down when people do come and expect something special.

Has he actually been to the hotel and seen it's location? Does he realise it is almost right next door to a newish hotel and has views into a car park?

[quote][p][bold]Amberflame[/bold] wrote:
"The responsibility of dealing with the letting lies with Alan Creedy, a director of CDLH, who believes the building is in the perfect location for a hotel."
Wow, he knows his business! A derelict hotel is the perfect place for a hotel![/p][/quote]Yes, but he doesn't know Swindon?
“The property really does have a first class location at the heart of Swindon town centre...".
I would hardly call Swindon first class. I don't usually like people dissing our town, but people really need to stop bigging it up so much as it's just a huge let down when people do come and expect something special.
Has he actually been to the hotel and seen it's location? Does he realise it is almost right next door to a newish hotel and has views into a car park?CocoaClown

Amberflame wrote:
&quot;The responsibility of dealing with the letting lies with Alan Creedy, a director of CDLH, who believes the building is in the perfect location for a hotel."

Wow, he knows his business! A derelict hotel is the perfect place for a hotel!

Yes, but he doesn't know Swindon?
“The property really does have a first class location at the heart of Swindon town centre...".
I would hardly call Swindon first class. I don't usually like people dissing our town, but people really need to stop bigging it up so much as it's just a huge let down when people do come and expect something special.

Has he actually been to the hotel and seen it's location? Does he realise it is almost right next door to a newish hotel and has views into a car park?

He didn't call Swindon first class, he said the location of the hotel in Swindon was first class, there's a big difference.
People using these town centre hotels are generally not looking for scenic views, they are looking for the convenience of staying somewhere near to the place of business they are visiting or near to the amenities they came to use.

[quote][p][bold]CocoaClown[/bold] wrote:
[quote][p][bold]Amberflame[/bold] wrote:
"The responsibility of dealing with the letting lies with Alan Creedy, a director of CDLH, who believes the building is in the perfect location for a hotel."
Wow, he knows his business! A derelict hotel is the perfect place for a hotel![/p][/quote]Yes, but he doesn't know Swindon?
“The property really does have a first class location at the heart of Swindon town centre...".
I would hardly call Swindon first class. I don't usually like people dissing our town, but people really need to stop bigging it up so much as it's just a huge let down when people do come and expect something special.
Has he actually been to the hotel and seen it's location? Does he realise it is almost right next door to a newish hotel and has views into a car park?[/p][/quote]He didn't call Swindon first class, he said the location of the hotel in Swindon was first class, there's a big difference.
People using these town centre hotels are generally not looking for scenic views, they are looking for the convenience of staying somewhere near to the place of business they are visiting or near to the amenities they came to use.GrumpyLocal

I am so looking forward to this.
Yet another great success for Swindon and the team at the civic offices.
Nobody can deny that Swindon is still buoyant and vibrant.
Well done team. Keep working that vision 👍+638

I am so looking forward to this.
Yet another great success for Swindon and the team at the civic offices.
Nobody can deny that Swindon is still buoyant and vibrant.
Well done team. Keep working that vision 👍+638Ollie Dognacky